Hampleton Partners, an international mergers and acquisitions and corporate finance advisory firm for technology companies, has advised CPU 24/7 GmbH, a provider of HPC managed services, on its acquisition by IAV GmbH, a engineering services firm for the automotive industry. CPU 24/7’s expertise in the provision of cloud-based high-performance computing (HPC) systems and services for the computer-aided engineering (CAE) industry will enable IAV to leverage this know-how and further expand its breadth of engineering services
This acquisition equips IAV with experience in CAE and HPC applications. CPU 24/7’s knowledge in the configuration, provision and maintenance of supercomputing systems will give IAV the ability to offer its automotive clients hosted HPC services, outsourcing resource-intensive CAE.
“We are very happy we found such a good home for our company”, says Dr. Matthias Reyer, Co-Founder at CPU 24/7. “By combining CPU 24/7’s strength in CAE and HPC applications with IAV’s leading automotive engineering services, the company is perfectly positioned to continue providing their clients with the best services available on the market today.”
Hampleton Director Axel Brill (above), transaction lead and IT services and enterprise software expert, who was a speaker at the European Managed Services and Hosting Summit in Amsterdam last year, comments: “It has been a distinct pleasure to advise the founders of CPU 24/7 on this exciting new chapter in the life of their company with IAV. By providing such highly-configured HPC solutions, CPU 24/7 has not only been able to deliver market-leading solutions to the industry giants, but has also democratised access to mission-critical CAE applications for SMEs as well.”
Mergers and acquisitions in the IT industry are again expected to be a strong discussion point at this year’s Summit, in Amsterdam on 29 May